Saturday 2 August 2014

First UAE crude shipment to arrive in Korea

Abu Dhabi, September 24, 2013

The first of the crude oil shipments from the UAE for joint storage in South Korea will arrive in the country tomorrow (Wednesday), said a report.

The 2 million-barrel shipment will be stored at the world's largest oil storage facility in Yeosu, which can hold 49.7 million barrels, the Platts reported citing the South Korea's Trade, Industry and Energy Ministry.

This will be followed by another 4 million barrels within six months, the report added.

Tags: UAE | Crude | Korea | Shipment |

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